Unisys Co. (NYSE:UIS) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Unisys Co. (NYSE:UIS) by 0.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,549,653 shares of the information technology services provider’s stock after buying an additional 10,277 shares during the quarter. Geode Capital Management LLC’s holdings in Unisys were worth $8,804,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UIS. Needham Investment Management LLC grew its stake in shares of Unisys by 7.9% in the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock valued at $29,820,000 after buying an additional 385,000 shares in the last quarter. State Street Corp lifted its stake in Unisys by 13.2% in the third quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock valued at $9,162,000 after acquiring an additional 188,630 shares during the last quarter. Federated Hermes Inc. grew its position in Unisys by 13.8% in the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after acquiring an additional 162,177 shares in the last quarter. Newport Trust Company LLC increased its stake in shares of Unisys by 0.5% during the 2nd quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock worth $5,389,000 after purchasing an additional 6,894 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Unisys by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 386,918 shares of the information technology services provider’s stock valued at $1,598,000 after purchasing an additional 17,705 shares in the last quarter. 86.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th.

Unisys Trading Up 2.2 %

NYSE:UIS opened at $6.47 on Friday. The firm has a market capitalization of $448.78 million, a PE ratio of -1.14, a PEG ratio of 1.52 and a beta of 0.75. Unisys Co. has a 1 year low of $3.32 and a 1 year high of $8.93. The firm’s fifty day simple moving average is $7.26 and its 200 day simple moving average is $5.85.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.21). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The business had revenue of $497.00 million during the quarter, compared to analyst estimates of $486.50 million. During the same period in the prior year, the business posted ($0.33) earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts anticipate that Unisys Co. will post 0.31 EPS for the current fiscal year.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.